South Korea's Finance Ministry Warns USD/KRW Exchange Rate Out of Line with Fundamentals on Friday

According to Jin10, on Friday July 10, South Korea's finance ministry official Moon Ji-sung warned that the USD/KRW exchange rate remains misaligned with economic fundamentals and that the government has sufficient room to stabilize markets if necessary.

The official expects supply-demand dynamics in the domestic and foreign exchange markets to shift in the second half of 2026, predicting that dollar holdings by exporters will bring inflows through foreign exchange forward contracts.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments